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Victorian PPP project takes global honours

Victorian PPP project takes global honours

A major project on which Clayton Utz, Mallesons Stephen Jaques, Allens Arthur Robinson and Corrs Chambers Westgarth worked has again been recognised, this time as the Global Deal of the Year at…

A major project on which Clayton Utz, Mallesons Stephen Jaques, Allens Arthur Robinson and Corrs Chambers Westgarth worked has again been recognised, this time as the Global Deal of the Year at the Infrastructure Journal's Annual Awards held in London last week.

The accolades went to Victoria's $3.5 billion Desalination Plant PPP project, which has previously been recognised for excellence in other forums such as the Project Finance International and Finance Magazine awards, and the 2010 Infrastructure Partnerships Australia National Infrastructure Awards.

Clayton Utz, which has had a long-running involvement in the project, said the firm is proud to receive global recognition for their work.

"Our team worked hard to ensure that financial close was achieved quickly despite the challenging financial environment. It is great to see that teamwork has been recognised all over the world," said banking and financial services partner Dan Fitts.

Editor for the Infrastructure Journal, Angus Leslie Melville, said the decision to name the project as deal of the year was not difficult.

"Victorian Desal was a stand-out for our sector. The judges were impressed by the obstacles it had to overcome and the speed with which it was then brought to financial close," he said.

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